Signaturefd LLC Has $65,000 Position in Unity Software Inc. (NYSE:U)

Signaturefd LLC trimmed its stake in shares of Unity Software Inc. (NYSE:U) by 29.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,896 shares of the company’s stock after selling 1,185 shares during the quarter. Signaturefd LLC’s holdings in Unity Software were worth $65,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in U. R Squared Ltd acquired a new position in shares of Unity Software in the fourth quarter valued at approximately $30,000. Principal Securities Inc. raised its stake in shares of Unity Software by 50.5% during the fourth quarter. Principal Securities Inc. now owns 1,422 shares of the company’s stock valued at $32,000 after acquiring an additional 477 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Unity Software by 33.6% during the fourth quarter. GAMMA Investing LLC now owns 1,636 shares of the company’s stock valued at $37,000 after acquiring an additional 411 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Unity Software in the fourth quarter worth $40,000. Finally, Brooklyn Investment Group acquired a new stake in Unity Software in the third quarter valued at $43,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Unity Software Price Performance

Shares of NYSE:U opened at $22.71 on Tuesday. The stock’s 50 day moving average is $22.59 and its 200-day moving average is $22.17. Unity Software Inc. has a twelve month low of $13.90 and a twelve month high of $30.88. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $9.30 billion, a price-to-earnings ratio of -13.52 and a beta of 2.27.

Unity Software (NYSE:U) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.05. Unity Software had a negative net margin of 36.63% and a negative return on equity of 13.40%. The firm had revenue of $457.10 million during the quarter, compared to analysts’ expectations of $433.47 million. Sell-side analysts forecast that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Mark Barrysmith sold 1,362 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $21.91, for a total transaction of $29,841.42. Following the transaction, the chief accounting officer now directly owns 452,276 shares of the company’s stock, valued at $9,909,367.16. This trade represents a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David Helgason sold 38,924 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $26.92, for a total transaction of $1,047,834.08. Following the transaction, the director now owns 7,828,494 shares in the company, valued at approximately $210,743,058.48. This trade represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 865,236 shares of company stock valued at $20,849,425. Corporate insiders own 6.30% of the company’s stock.

Analysts Set New Price Targets

U has been the topic of several recent research reports. Hsbc Global Res raised Unity Software to a “strong-buy” rating in a report on Friday, February 21st. Morgan Stanley increased their target price on shares of Unity Software from $26.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Citizens Jmp upgraded shares of Unity Software from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. Citigroup upgraded shares of Unity Software from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, March 11th. Finally, UBS Group boosted their target price on shares of Unity Software from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $25.61.

About Unity Software

Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.